Financial Markets Program - University of Minnesota
Financial Markets Program - University of Minnesota
Financial Markets Program - University of Minnesota
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“ The work ethic<br />
<strong>of</strong> students<br />
in the program is<br />
remarkable.”<br />
– DEAN JUNKANS –<br />
Chief Investment Officer,<br />
Wells Fargo Wealth Management Group<br />
Academic Components<br />
Complement Experiential<br />
The academic component <strong>of</strong> the program<br />
is preceded by a rigorous application<br />
process. Acceptance into the LSBE<br />
<strong>Financial</strong> <strong>Markets</strong> <strong>Program</strong> is by<br />
invitation only. A formal application and<br />
interview process occurs once year, early<br />
in the spring semester, allowing select<br />
applicants to be integrated into the<br />
program before the preceding class <strong>of</strong><br />
students graduate.<br />
Only second semester junior LSBE<br />
majors or minors with a minimum overall<br />
GPA <strong>of</strong> 2.50 and a B or higher in FMIS<br />
3601 Corporate Finance, FMIS 3619<br />
<strong>Financial</strong>s Statement Analysis and FMIS<br />
3644 Investment Fundamentals are eligible<br />
to apply.<br />
<strong>Program</strong> coursework includes: FMIS<br />
4616 Security Analysis, 3 credits; FMIS<br />
4620 Portfolio Analysis and<br />
Management, 3 credits; FMIS 4624<br />
Applied Portfolio Management &<br />
Practicum, 3 credits.<br />
Throughout the program year, several<br />
industry leaders come to campus and<br />
share their valuable insight and<br />
experience to students.<br />
Past Guest Speakers<br />
Mike Farrell, Annaly Mortgage<br />
Management<br />
Wellington Denahan-Norris,<br />
Annaly Mortgage Management<br />
� Employers Take Notice <strong>of</strong> Graduates Going “Above & Beyond”<br />
Employer: Jim Jarocki, President, Stolat Partners,<br />
managers <strong>of</strong> a private investment fund in Duluth, MN.<br />
FMP Graduates Employed: Joshua Karlgaard ‘04 and<br />
Mark Friederichs ‘07<br />
“I think the program has done an excellent job in preparing candidates to analyze and trade securities.<br />
The two employees and the interns we have hired from the program have come well prepared to<br />
perform financial analysis. They also have come with the interpersonal skills necessary to be successful<br />
as money managers. The students have gained some real world exposure to the markets and have<br />
more than just a textbook understanding <strong>of</strong> how markets work. They have been exposed to the<br />
personalities and workings <strong>of</strong> the financial markets, giving them an advantage over other prospects.<br />
“The greatest usefulness <strong>of</strong> the program to Stolat as an employer is as a screening device. Those<br />
that make it into the program have the drive and skills to rise above the other business and nonbusiness<br />
graduates who are seeking employment.”<br />
4 UMD LABOVITZ SCHOOL OF BUSINESS AND ECONOMICS – FINANCIAL MARKETS PROGRAM<br />
Dan Lass, Pareto Partners<br />
Jim Jarocki, Stolat Partners<br />
Dave Arp, Stolat Partners<br />
Brad Christensen, Piper Jaffray<br />
Walter Broughton, Merrill Lynch<br />
Pat Cutshall, Allete<br />
Dean McCall, Solomon-Smith Barney<br />
Stuart Mason, UMN Office <strong>of</strong><br />
Asset Management<br />
Cheryl Meese, RBC Dain Rauscher<br />
Josh Hill, Windsor <strong>Financial</strong> Group<br />
Dave Hoium, Wells Fargo<br />
Jerry Dodd, Northern Asset Management<br />
Megan Hayman, Past Participant<br />
Ann Schmid, Past Participant<br />
Josh Karlgaard, Past Participant<br />
Bill Merz, Past Participant<br />
Greg Monegro, Past Participant<br />
July Eliason-Johnson, Past Participant<br />
Phil Rolle, Wells Fargo<br />
Bryan Amundson, Wells Fargo<br />
Dave Gunderson, Wells Fargo<br />
Artim carefully selects reading<br />
materials for the program’s academic<br />
component that ranges from classic,<br />
traditional texts on finance and investing<br />
to current industry journal articles.<br />
“This coursework builds on what the<br />
students are doing with their practicum<br />
work,” said Artim. “It does not rehash<br />
previous coursework. There are no exams,<br />
no cramming for tests. Performance is<br />
base entirely on their participation and<br />
presentations.”<br />
Bulldog Fund, LLC –<br />
Learning with Real Money<br />
Students begin their involvement with<br />
the portfolio as soon as they are accepted<br />
into the program. The FMP’s Summer<br />
Ready <strong>Program</strong> helps new program<br />
participants get started by <strong>of</strong>fering<br />
mentoring from the past year’s<br />
participants, assigning a summer reading<br />
schedule and introducing them to the<br />
daily – and sometimes nightly –<br />
monitoring <strong>of</strong> The Bulldog Fund, LLC.<br />
They are, after all, playing on a global<br />
field. “They’ll call as late as ten-thirty<br />
some nights to run a play past me” said<br />
Artim. “I encourage them to be pro-active